iShares S&P 100
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
20.6x P/Sales
ratio
2.9x
P/BV
ratio
3.9x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P 100 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. large-cap stocks, as represented by the Standard & Poor's 100 Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 27, 2000
Assets (mns) $5,820
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $460,980
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.5 %
MICROSOFT CORP 7.2 %
AMAZON.COM INC 4.4 %
FACEBOOK 3.0 %
BERKSHIRE HATHAWAY INC-CL B 2.5 %
ALPHABET INC. CLASS A 2.5 %
ALPHABET INC. CLASS C 2.5 %
JPMORGAN CHASE & CO 2.4 %
JOHNSON & JOHNSON 2.2 %
VISA INC-CLASS A SHARES 2.0 %
Total 36.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.8 %
IRELAND 2.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.8% 31.8% 11.9% 13.2% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.00 99%
MSCI EAFE 0.90 66%
MSCI Emg. Mkts. 0.60 51%

Technical Indicators
Recent close $148.65
30d moving avg. $144.02
Annualized volatility 12.2%
Short interest (ETF) 1.5%
Short interest (Underlying) 1.5%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 307
Turnover 0.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $79,899

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P 100 ETF based on the alternatives' overlap in portfolio holdings with OEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OEF Expense: 20 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OEF
Ticker Fund
Name
Overlap1
vs OEF
(%)
Expense
ratio
(bp)
Savings
vs OEF
(bp)
ALTAR
Score™
(%)
ALTAR
vs OEF
(%)
IWL iShares Russell Top 200 78.9 15 5 5.3 +0.2
XLG Invesco S&P Top 50 78.4 20 0 4.8 -0.3
MGC Vanguard Mega Cap 300 ETF 74.0 7 13 5.5 +0.4
OVOL Invesco Russell 1000 Low Volatility Factor ETF 71.4 19 1 5.3 +0.2
SNPE Xtrackers S&P 500 ESG 69.3 11 9 5.4 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity 67.0 20 0 5.2 +0.1
WOMN Impact Shares YWCA Women's Empowerment 66.6 75 -55 5.1 -0.1
SPXN ProShares S&P 500 Ex-Financials 66.4 27 -7 5.5 +0.4
PBP Invesco S&P 500 Buy/Write 66.2 49 -29 5.2 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 66.1 32 -12 5.0 -0.1
EQWL Invesco Fundamental Pure Large Core 65.4 25 -5 6.0 +0.9
XOUT GraniteShares XOUT US Large Cap 65.2 60 -40 4.7 -0.4
OQAL Invesco Russell 1000 Quality Factor ETF 65.0 19 1 4.9 -0.2
HSPX Global X S&P 500 Covered Call 64.3 65 -45 5.0 -0.1
SPY S&P 500 SPDR 64.1 9 11 5.5 +0.4
SPXE ProShares S&P 500 Ex-Energy 64.0 27 -7 5.5 +0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index 64.0 12 8 5.1 -0.0
VOO Vanguard S&P 500 ETF 64.0 3 17 5.6 +0.5
IVV iShares Core S&P 500 64.0 4 16 5.6 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 63.9 20 0 5.6 +0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares S&P 100
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.1 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.